SME

On January 23rd, Madrid hosted a seminar titled “Intellectual Property as a Driver of Business Growth for Spanish SMEs in the European Union and Africa”.

According to recent information on the Portuguese Institute of Industrial Property (INPI) website, the 2024 edition of the SME Fund is scheduled to be launched on January 22nd.

A successful IP system is crucial to the growth of small and medium enterprises in Nigeria, however, there are some major challenges hindering its development.

Every year, since the year 2000, World Intellectual Property Day is celebrated on April 26. Every year, the World Intellectual Property Organization chooses a theme for this celebration. In 2021, the chosen theme was the importance of intellectual property (IP) for small and medium-sized enterprises (SMEs), when they bring their ideas to the market.

Despite the United Republic of Tanzania – which comprises Tanzania Mainland and Zanzibar – frequently stating that innovation is a key driver of economic development and exceeding expectations for its innovation development this year, trademark owners have expressed uncertainty as to the future of IP protection in the light of the presidential elections that took place on 28 October 2020.

The European Commission has issued a press release on the April 21st that details changes that have the goal of modernising the EU trademark system, adapting it to the Digital Era and promoting its use by Small and Medium Enterprises (SMEs).